USDCHF Bullish outlookBuying once we break the yellow trendline and close above the green minor resistance in 4 hour time frame.
Usdchfforecast
USDCHF testing major resistance, remain bearishSell below 0.9734. Stop loss at 0.9756. Take profit at 0.9675.
Reason for the trading strategy (technically):
Price is now testing major resistance at 0.9734 (Fibonacci retracement, horizontal overlap resistance) and we expect a strong reaction from this level to drive price down to at least 0.9675 support (Fibonacci retracement, horizontal swing low support, Fibonacci extension).
RSI (34) has broken below our long term ascending support-turned-resistance line signalling that a change in momentum is about to be seen in price. It is also now on pullback resistance.
USDCHF right on selling area, remain bearishSell below 0.9762. Stop loss at 0.9811. Take profit at 0.9641.
Reason for the trading strategy (technically):
Price is once again right on our selling area. We remain bearish below major resistance at 0.9762 (Fibonacci retracement, Fibonacci extension, bearish divergence) for a drop from this level to at least 0.9641 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing strong resistance below our 98% level where multiple reactions had occurred in the past. We also see bearish divergence vs price signalling that a drop is impending.
Correlation analysis: We’re seeing a drop on USDCHF and similarly a bounce on EURUSD which goes in line with its negative correlation with each other.
Dollar's comebackAs what you all have already known, I am a big fan of the Fakey setup as this is a strong signal which follows a strong movement day after.
From yesterday's session. the USDCHF Forex pair has formed a fakey bar by easily erasing the losses made during yesterday's Asian session. For those who do not know, Asian sessions are mostly 'fake' movements. I need not broaden my reasoning for entering this trade as saying it formed a fakey bar is enough.
USDCHF Ready For Lift Off USDCHF on the daily time frame is forming a beautifull buy setup. As we speak the 4 hour time frame shows a similar setup.
The trading range is narrowing and today the price already spiked above it. Stoch Rsi shows a nice bullish cross-over and at ADX we can see a sharp bend down of the red line and a sharp bend up of the green line which is usual a reversal sign, a bullish one in this case!
Entry: cmp
TP: 0.9770 > 0.9855
SL: 0.9580
USDCHF testing major resistance, time to start sellingSell below 0.9732. Stop loss at 0.9811. Take profit at 0.9614.
Reason for the trading strategy (technically):
Price is now testing major resistance at 0.9732 (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance, bearish divergence) and we expect a strong reaction off this level for a further drop to at least 0.9614 support (Fibonacci extension, horizontal swing low support).
RSI (34,5,3) is seeing bearish divergence vs price signalling that a strong reversal is impending.
USDCHF BOUNCE OFF OF SYMMETRYWatching the swiss franc for a bounce off a symmetrical low that was put in last week. My trigger is an entry after the break of the previous week's high and a stop beneath the low. The expectation is to run up to another fib level in a 61.8% level from a recent down move.
USDCHF - Longing based on Mongerskit Trading system - 4hrsWe had a buy signal generated by our system today, We know the new trend of this pair is long now.
We are going to wait for a pull back to one of the 3 minor resistance levels, after a clear bullish candle that confirms the end of the pullback, we shall long it.
to use our system, you can request free access here by just commenting :
goodluck.
USDCHF 1H TECHNICAL ANALYSISWe predict the price will retrace from 0.9930 level. We buy this pair at 0.9930 and book profit at 1.0050.
USDCHF Try to trade this callbackHi traders!I hold a point:Good charts does not need more words to explain! Good luck!
USDCHF profit target reached, time to turn bearishSell below 1.0136. Stop loss at 1.0116. Take profit at 1.0071.
Reason for the trading strategy (technically):
Price has bounced up perfectly as expected yesterday and has reached our profit target. We turn bearish closing off our profitable bullish position because of the changing elements. We now look to sell below 1.0136 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0071 support (Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below the 95% level.
USDCHF approaching major support, prepare to buyBuy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090.
Reason for the trading strategy (technicall y):
Price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is approaching our long term ascending support where we expect a bounce from.
USDCHF:The Rate of return is not good of trading nowHi,traders,I hold a point:Good charts does not more words to explain!
Good luck
sell limit at 50% fibprice has broken strong 4h support level
now on 30min timeframe waiting for retest to go short
